Many businesses have begun to use cloud technology for their digital business goals in recent years, and this has significantly increased their revenue and efficiency. As a result, the cloud technology industry has grown considerably. With the extra flexibility that the cloud provides, more tech firms have access to better tools to build creative solutions.
Cloud technology is now considered mainstream, and organizations expect it to be used in their everyday operations. Most of these businesses would even like more efficient and powerful cloud services that could help them establish more effective processes. Particularly given the prevalent remote work situation since the COVID-19 outbreak began.
Cloud tech trends to look out for in coming years
By adopting cloud technology, organizations are moving ahead and adopting a much more flexible and resourceful infrastructure. However, merely embracing the cloud computing trend does not guarantee development and success. It is crucial to stay up to date with innovations in an industry like cloud technology, which is evolving at a fast pace. On that note, let’s discuss the leading cloud computing technology trends for the next few years.
Artificial Intelligence
Users are increasingly demanding for artificial intelligence in new technologies. Artificial intelligence’s market value is expected to reach $850.61 billion by 2028, according to Verified Market Research. AI platforms require tremendous processing capability and data bandwidth to meet this expanding demand. Organizations can both manage and scale these new systems using cloud technologies.
Cloud computing technologies that are well-designed can help an artificial intelligence project flourish. AI platforms could remain stable while increasing their capabilities and effectiveness. Additionally, cloud computing makes artificial intelligence more accessible and inclusive, allowing even small businesses to participate. Thus, cloud technologies will continue to expand and evolve to satisfy market pressure.
Sustainability
Consumers are seeking sustainability in all parts of their lives, including their workplace and technology. To address this, organizations will prioritize sustainability in their innovation in the coming years. More cloud providers will pledge to operate on sustainable energy sources.
Cloud technology can be more environmentally friendly than local computing, as it reduces a company’s carbon footprint and waste. According to a report, moving frequently-used software programs to the cloud may save energy use by 87 percent.
Cloud technology still has an environmental impact though. Greenpeace expects that by 2025, the industry will consume 20% of total global power. Thus, cloud companies must adjust their services to preserve our planet as cloud computing continues to grow in popularity.
Hybrid cloud model
Organizations have typically had two alternatives when it came to cloud migration. They could choose public cloud solutions that are readily accessible and pay-as-you-go, or private cloud options that are more customizable and adaptable. Today, the largest cloud providers are accelerating the adoption of “hybrid” models that combine the best of the two models.
Data that has to be accessed frequently, by customers, could be stored on public servers and viewed with tools, apps, and dashboards. Data that is more confidential can be stored on private servers with access controlled and processed using proprietary programs.
Serverless cloud
Serverless cloud is a fairly recent development that is gaining momentum among providers in the industry. It’s also known as “functions-as-a-service,” which means businesses don’t have to lease servers or pay for set amounts of storage or broadband. It offers a true pay-as-you-go service, with infrastructure scaling discreetly as an application demands.
Though it’s not truly serverless because the servers are still present but create another level of isolation between the client and the platform. This eliminates the need for the client to deal with setups and complexities. Serverless computing in cloud technology will play an important role in the larger trend of producing unique user experiences that make technological advances more accessible throughout the cloud and the whole digital landscape.
Israel Cloudtech innovations
With billions of dollars already spent, the Israeli cloud technology space shows no signs of slowing down. As interest from investors remains robust, startups are emerging on a regular basis.
One startup’s AI-driven auto-scaling platform adjusts cloud resources to improve operational efficiencies, allowing DevOps to focus on other duties rather than optimization. The startup offers disk management and auto-scaling, which reduces and grows storage volumes in real-time to meet the demands of applications. This removes the need for overprovisioning and saves up to 70% on storage expenses, all while avoiding service deterioration and system failure.
By providing a cloud data warehouse that offers sub-second analytic experiences at scale, another startup’s data warehousing solution addresses one of the largest issues in the global cloud analytics industry. Companies can now monitor far larger amounts of data than before thanks to this technology. This significantly enhances the return on data collection and opens up a slew of new data-driven use cases with real-world implications.
Another startup’s platform streamlines cloud architecture, making it more accessible and safer for developing applications, allowing businesses to accelerate their digital transformation. This startup’s objective is to help technology teams design, test, and deploy solutions that unleash the commercial value of IT operations. While previous Architecture as Code (AaC) providers have concentrated on a restricted group of specialists, this technology streamlines the user experience by making cloud infrastructure and its complexity transparent to the developers who use it.
Can Israel lead the global Cloudtech revolution?
Corporations continue to adopt new technologies that allow them to fully utilize the cloud in a simple yet effective manner. Even as the contemporary cloud stack becomes home to ever bigger and more pivotal cloud companies, we expect Israeli startups to feature prominently among the next generation spearheading this groundbreaking innovation.
The innovations developed by Israeli-based cloud tech startups can be the focal point in the next generation of cloud solutions. It is likely that the cloud technology industry is still in its infancy as things stand. The pace of innovation will accelerate considerably as more enterprises across almost all industries migrate to the cloud.
